OUTSIDE MARKETS SUMMARY:
CORN: | 4 Lower |
SOYBEANS: | 5 Higher |
SOYBEAN MEAL: | $0.10 Lower |
LIVE CATTLE: | Unchanged |
DOW JONES: | 308 Points Higher |
NASDAQ: | 245 Points Higher |
CRUDE OIL: | $1.60 Higher |
MIDDAY MARKET UPDATE:
Block cheese price declined 4 cents, closing at $1.60 with four loads traded. Barrel cheese price remained unchanged at $1.65 with no load traded. The dry whey price increased 0.25 cent, closing at 39.75 with one load traded. Class III futures are 2 to 15 cents lower. Butter price fell 10 cents, closing at $2.60 with three loads traded. Grade A nonfat dry milk remained unchanged at $1.20 with one load traded. Class IV are one cent lower to 2 cents higher. Butter futures are 1.80 to 2.85 cents lower. Dry whey futures one cent higher in the March contract and unchanged in the rest.